How to understand Hyperliquid's latest HIP-3 upgrade?
Original author: nairolf
Original compilation: TechFlow
What is HIP-3?
Here is @HyperliquidX's HIP-3 explained in very simple language.
HIP-3 allows developers to deploy perpetual contract marketplaces on HyperCore.
To ensure market quality and protect users, deployers must stake 500,000 HYPE. In the event of malicious market operations, validators have the right to slash the deployer's staking.
You should already be familiar with HyperCore, right? It includes the margin and the status of the matching engine.
In simple terms, it is the exchange backend of Hyperliquid.
HIP is short for Improvement Proposals. In simple terms, it is how the protocol is changed.
The main purpose of HIP-3 is to allow anyone to deploy a perpetual contract market.
Currently, the process of adding new tokens to perpetual contract exchanges is authorized.
This means that the core team decides which tokens to add based on demand, trading volume, and other criteria.
HIP-3 allows anyone to list a token of their choice. Yes, any token in the literal sense of the word.
However, there are some limitations. Only one token can be listed every 31 hours. Moreover, you need to win the deployment through a Dutch auction (Dutch Auction, also known as a "markdown auction", featuring declining prices, the first taker to close, and time pressure) (using HYPE).
You need to stake 500,000 HYPE and be responsible for setting up the market.
This means choosing an oracle, defining leverage limits, handling settlement logic, and ensuring everything runs safely.
500,000 HYPE This is a security guarantee and the protocol's way of protecting itself.
If strange manipulation occurs in your token market, validators can vote to slash your HYPE.
In short, these HYPEs are all about guaranteeing that the tokens you list are legitimate.
As a deployer of the token, you can take 50% of the total fees on the marketplace. You can even set additional custom fees.
In other words, you can earn a portion of the fees from users trading the tokens you list.
HIP-3 allows anyone to list tokens on the Hyperliquid perpetual contract exchange.
To ensure market security, 500,000 HYPE must be staked, which may be slashed in case of suspicious behavior.
Original link
trumpmasterflex
ok now you can start being bullish $grass bunch of retards
Hyperliquid
Andy
I raised my HYPE limit sell orders from $50 to $60+ last month because I was so bulled up when Jeremy Allaire was on the show.
They never got hit.
Taxes are due this week. Pain.
Oh well, I think the last few days have been incredibly bullish for Hyperliquid as the premier perps platform in all of DeFi.
Truly believe this event is also a catalyst for a bigger shift in trading activity from CeFi to DeFi.
The flippening is coming. DeFi will win.
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Hyperliquid is a performant L1 optimized from the ground up. The vision is a fully onchain open financial system with user built applications interfacing with performant native components, all without compromising end user experience. The flagship native application is a fully onchain order book perpetuals exchange, the Hyperliquid DEX.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 7.8K new posts about Hyperliquid, driven by 4K contributors, and total online engagement reached 1.6M social interactions. The sentiment score for Hyperliquid currently stands at 81%. Compared to all cryptocurrencies, post volume for Hyperliquid currently ranks at 992. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Hyperliquid.
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Posts
7,843
Contributors
4,015
Interactions
1,596,415
Sentiment
81%
Volume rank
#992
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Posts
7,277
Interactions
1,532,169
Sentiment
82%
Hyperliquid FAQ
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